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Red Hat Reports Fiscal Second Quarter Results

[Posted September 30, 2005 by ris]

Red Hat has announced its second quarter results. The fiscal quarter ended on August 31, 2005. "Total revenue for the quarter was $65.7 million, a year-over-year increase of 42% and a sequential increase of 8%. Subscription revenue was $54.3 million, an increase of 56% year-over-year and 10% sequentially."

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Posted Sep 30, 2005 21:50 UTC (Fri) by ncm (subscriber, #165) [Link]

Red Hat's total annual revenue is still much less than Cygnus paid the former marketing VP it hired as its last CEO for one year's "service", who sold the company to RH. He skipped town before the signatures were dry.

After that he started Arcsight, apparently a "network security" company, and left that after only four months. He was last seen doing something called Nutrophy, (as seen on TV!): "Nutrophy is the brainchild of entrepreneur Alex Daly. The former Silicon Valley business expert founded the company after undergoing intensive nutritional and fitness counseling. Daly lost 25 pounds with improved energy, sleep, mood and concentration. He was taking a variety of top-of-the-line nutritional supplements and discovered there was no company that combined these ingredients together to offer them in a simpler format."

Red Hat Reports Fiscal Second Quarter Results

Posted Sep 30, 2005 22:09 UTC (Fri) by jwb (subscriber, #15467) [Link]

Cygnus paid this guy over $250 million? Or are you saying he owned a third of Cygnus when Red Hat acquired it?

Red Hat Reports Fiscal Second Quarter Results

Posted Sep 30, 2005 22:47 UTC (Fri) by ncm (subscriber, #165) [Link]

Oops, total quarterly revenue. I gather he took ~$100M.

Red Hat Reports Fiscal Second Quarter Results

Posted Oct 6, 2005 4:58 UTC (Thu) by JoeBuck (subscriber, #2330) [Link]

That was dot-com money; now Red Hat is making real money. Not tons, but enough to pay a significant number of people to hack free software full time. Good for them.